News about Tenge

Kazakhstan Government increases reserve fund by $250 million after tenge devaluation Amid adjustments of microeconomic indicators for the year 2014 the Kazakhstan Government has revised its budget.

23 March 2014 12:34

BTA suspends lending operations in the wake of 20% currency devaluation According to the Bank, suspension of consumer lending and mortgage program is a temporary measure.

26 February 2014 10:27

$4 billion worth of food imported in Kazakhstan in 2013 Kazakhstan imported $4 billion worth of food products last year.

25 February 2014 15:40

National Fund should provide $5.4 billion to compensate tenge devaluation in Kazakhstan: KazPotrebNadzor The National Fund of Kazakhstan should provide $5.4 billion to support the Kazakhstan economy amid the tenge devaluation: KazPotrebNadzor

25 February 2014 15:26

Kazakhmys to increase wages of its workers Kazakhmys Plc has announced a wages raise for its industrial personnel.

24 February 2014 18:12

Almaty budget overhaul: Yesimov The Akim (Mayor) of Almaty Akhmetzhan Yesimov talked about overhauling the city budget due to devaluation of tenge.

22 February 2014 13:18

Kaspi Bank on $500 000 reward offered to help identify instigators of false SMS campaign Vyacheslav Kim, Chairman of the Board, has refuted the rumor that the announced amount would be paid to the country’s General Prosecutor’s Office.

20 February 2014 15:48

Kaspi Bank depositors withdraw $212 million in a bank run The withdrawal amount stands at 10% of the deposit: Bank’s CEO Michael Lomtadze.

20 February 2014 15:28

Senator asking Central Bank Governor to raise interest rate on tenge-denominated deposits Through the decision to raise the interest rate you could rehabilitate yourself at least a bit. The people believed you and you ditched them: Senator Svetlana Dzhalmagambetov.

20 February 2014 11:55

Central Bank Governor refutes rumors of banks bankruptcies Misleading wave of sms in the country resulted in deposit run.

18 February 2014 17:28

Three large-scaled banks claim there is an information campaign against them Kaspi bank today has announced a reward of $500 000 “for those able to spot the initiators of the misleading SMS campaign”.

18 February 2014 16:38

35 people fined after anti-devaluation protests in Almaty 35 people were arrested during 2 days of protests in Almaty city. All of them got fined, except for one man who will spend 10 days in jail.

17 February 2014 21:16

Anti-devaluation protest in Almaty Initially around 50 people gathered in front of the Republic Palace in Almaty. As time went by the number was nearing 200 people.

16 February 2014 02:43

Possible inflation risks: National Bank In view of the devaluation of the national currency - the tenge, the central bank of Kazakhstan believes that escalation of inflation is quite possible.

15 February 2014 16:18

Tenge devaluation must not affect Kazakhstan people negatively: Nazarbayev The tenge devaluation must not have any negative effect on the people of Kazakhstan, and no manipulation of prices or speculations shall be allowed: Nazarbayev

14 February 2014 20:45

Mining companies applaud tenge devaluation in Kazakhstan The Association of Mining and Metallurgical Enterprises is supportive of the tenge devaluation.

14 February 2014 02:05

Devaluation may create demand for 20,000 tenge bills in Kazakhstan The climbing of dollar exchange rate might create a demand for the long awaited release of 20,000 tenge bills in Kazakhstan.

13 February 2014 20:33

Dedollarization of Kazakh mentality: Governor of National Bank The National Bank and Government of Kazakhstan are going to press on to dedollarize the economy and discourage Kazakhstanis from relying on the US dollar.

13 February 2014 16:24

Kazakhstan’s Oil and Gas Minister on Kashagan and 20% currency devaluation Kashagan couldn’t have any influence on revenues that the Government had been planning to gain from crude sales in 2014: Uzakbai Karabalin.

13 February 2014 16:17

Devaluation in Kazakhstan: How black was Black Tuesday? Kazakhstan's central bank released the tenge into a 'managed free float ín February 2011 and this has brought Kazakhstani depositors to loosing 20% of their savings in dollar equivalent.

13 February 2014 16:02

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